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Question - Lintang Bistari manufactures and sells tablets and uses standard costing. For the month of September 2020 there was no beginning inventory, there were 3,000 units produced and 2,500 units sold. The manufacturing variable cost per unit is RM385 and the variable operating cost per unit was RM312.50. The fixed manufacturing cost is RM450,000 and the fixed operating cost is RM75,000. The selling price per unit is RM925.
Required - Prepare the income statement for Lintang Bistari for September 2020 under variable costing.
During September, Sanchez completed 90,000 units. The 40,000 units in ending inventory were, on average, 40 percent complete. Prepare a production cost report such as the one in Exhibit 2.10 using FIFO.
find that the interest charge of $17,000 (or .136*$50000*2.5 years) is added to the $50000 for a total amount of 67000. The payments are $2233.33 a month. What is the approximate effective annual interest rate?
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(a.) Calculate the net present value of the proposed investment. Ignore income taxes, and round all answers to the nearest $1.
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